Oriole Resources PLC (LSE:ORR, FRA:S1Y)'s (LON:ORR) Chief Financial Officer Bob Smeeton joins Proactive London's Katie Pilbeam to talk viewers through their latest interim results statement.
The pre-revenue company made a loss before tax of £871,000 versus a profit of £167,000 the previous year.
Administration expenses rose to £524,000 in the first half of the year from £416,000 the year before, reflecting the return to full-time salaries for the team after voluntarily wage reductions in the prior year in response to the COVID-19 pandemic, and a restart of exploration activities as borders reopened and travel became possible.